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Technology@lemmy.worldEnglish · 7 days ago

AI bet goes awry: Oracle fires 21,000 employees

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AI bet goes awry: Oracle fires 21,000 employees

sanitation@lemmy.today to

Technology@lemmy.worldEnglish · 7 days ago

AI bet goes awry: Oracle fires 21,000 employees | The Jerusalem Post

Oracle laid off ~13% of its staff to fund a $300B computing deal with OpenAI. Now, a credit downgrade and $7B in required power grid guarantees put the massive project in jeopardy.

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CovertOperative@piefed.zip
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6 days ago
There should be a law that if more than x% of the workforce is laid off, the entire C-suite has to go too.
- IronKrill@lemmy.ca
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  4 days ago
  Here come a lot of x%-1 layoffs!

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